Let’s see how BTC is behaving.
This is a 4H chart. (Mid Term)

Bitcoin has successfully confirmed the breakout, and now it’s on its way to passing the next local resistance level .

Support levels: $45320
Resistance Area: $50500

Bollinger Bands can work as support and resistance too. Here is an example:

The market is showing STRONG BUY volumes for BTC .

Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.

The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.

If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.

The RSI shows that BTC is above the 50 levels, the center.

If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:

Current Market Price: $47766

Let me know your ideas.

Good luck.